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Techera Engineering India IPO: Things Smart Investors Need to Know

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Techera Engineering India is a key player in the aerospace and defence industry in India. Specializing in providing engineering solutions, the company has earned a reputation for innovation and high-quality services. With a strong focus on research and development, Techera is dedicated to developing state-of-the-art technologies that meet the growing demands of the global aerospace market.

The company's core business involves manufacturing components and assemblies for aerospace and defence applications. Over the years, Techera has carved out a solid market position by forming strategic partnerships with leading defence organizations. Its extensive expertise in the industry positions it as a reliable and trusted entity in the aerospace and defence sectors, making the upcoming IPO a noteworthy opportunity for potential investors.

Techera Engineering India IPO Details and Objectives

The Techera Engineering India IPO is aimed at raising funds to support business expansion, increase production capacity, and invest in advanced technologies. Additionally, part of the proceeds will be allocated toward general corporate purposes and working capital requirements.

Details

Information

IPO Opening Date

September 25, 2024

IPO Closing Date

September 27, 2024

Issue Type

Book Built Issue IPO

Total Issue Size

4,377,600 shares (aggregating up to ₹35.90 Cr)

Fresh Issue

4,377,600 shares (aggregating up to ₹35.90 Cr)

Price Band

₹75 to ₹82 per share

Face Value

₹10 per share

Minimum Lot Size

1600 shares

Minimum Investment (Retail)

₹131,200 (1600 shares)

Minimum Investment (HNI)

₹262,400 (2 lots or 3200 shares)

Listing At

NSE SME

Book Running Lead Manager

SKI Capital Services Limited

Registrar

KFin Technologies Limited

Shareholding Pre-Issue

12,143,325 shares

Shareholding Post-Issue

16,520,925 shares

IPO Allotment Date

September 30, 2024 (tentative)

Listing Date

October 3, 2024 (tentative)

The primary objective of the IPO is to expand production and innovation capabilities while strengthening the company's market position.

Timeline of Techera Engineering India IPO

Event

Date

IPO Opening Date

Wednesday, September 25, 2024

IPO Closing Date

Friday, September 27, 2024

Basis of Allotment

Monday, September 30, 2024

Initiation of Refunds

Tuesday, October 1, 2024

Credit of Shares to Demat

Tuesday, October 1, 2024

Listing Date

Thursday, October 3, 2024

Cut-off time for UPI mandate confirmation

5 PM on September 27, 2024

Pricing and Lot Size of Techera Engineering India IPO

  • IPO Date: September 25, 2024, to September 27, 2024
  • Listing Date: October 3, 2024
  • Face Value: ₹10 per share
  • Price Band: ₹75 to ₹82 per share
  • Lot Size: 1600 shares
  • Total Issue Size: 4,377,600 shares (aggregating up to ₹35.90 crore)
  • Application Amount: The minimum investment required will be approximately 131,200.

How to Apply for the Techera Engineering India IPO?

Online Application Process:

  • Log into your Bajaj Broking demat account.
  • Navigate to the ‘IPO’ section.
  • Select ‘Techera Engineering India IPO’ from the available options.
  • Enter the desired number of shares and submit your application.
  • Ensure you have sufficient funds in your account to cover the application cost.

This straightforward process allows for quick and easy participation in the Techera Engineering India IPO.

Financial Health and Performance

Key Financial Metrics

  • Revenue increased by 47% between the financial years ending March 31, 2023, and March 31, 2024, rising from ₹26.59 crore to ₹39.08 crore.
  • Profit After Tax (PAT) saw a remarkable growth of 270%, jumping from ₹1.31 crore in FY 2023 to ₹4.82 crore in FY 2024.
  • The company's assets slightly decreased to ₹37.24 crore in FY 2024 from ₹39.21 crore in FY 2023, reflecting prudent financial management.

Recent Performance and Growth Prospects

  • Net worth improved from ₹11.08 crore in FY 2023 to ₹15.9 crore in FY 2024, demonstrating the company's strong financial foundation.
  • Reserves and Surplus grew significantly, turning positive to ₹3.76 crore in FY 2024 from a deficit of ₹-2.72 crore in the previous year, highlighting robust profitability.
  • The company’s total borrowings remained relatively stable, increasing from ₹13.77 crore in FY 2023 to ₹14.3 crore in FY 2024, enabling further growth opportunities.

These financial metrics reflect TechEra Engineering's solid performance and its ability to capitalize on future market prospects.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO:

  • Market volatility in the aerospace and defence sector.
  • Dependence on government contracts and regulations.
  • Competitive pressure from other industry players.

Opportunities and Growth Potential:

  • Increasing demand for aerospace components due to expanding global markets.
  • Government initiatives like 'Make in India' offer significant opportunities for local manufacturing.
  • The company’s focus on innovation positions it for long-term growth in the aerospace and defence industries.

Key Performance Indicators (KPIs)

KPI

Value

Return on Equity (ROE)

30.33%

Return on Capital Employed (ROCE)

23.47%

Debt/Equity Ratio

0.9

Return on Net Worth (RoNW)

30.33%

Price to Book Value (P/BV)

6.26

Profit After Tax (PAT) Margin

12.45%

Key Financial Metrics

Metric

FY 2024

FY 2023

Growth

Revenue (₹ crore)

₹39.08

₹26.59

47%

Profit After Tax (₹ crore)

₹4.82

₹1.31

270%

Assets (₹ crore)

₹37.24

₹39.21

-

Recent Performance and Growth Prospects

Metric

FY 2024

FY 2023

Growth

Net Worth (₹ crore)

₹15.9

₹11.08

43.5%

Reserves & Surplus (₹ crore)

₹3.76

₹-2.72

Significant Improvement

Total Borrowings (₹ crore)

₹14.3

₹13.77

Stable

Techera Engineering India IPO Registrar

Registrar

Details

Company

Kfin Technologies Limited

Contact Information

04067162222, 04079611000

Techera Engineering India IPO Lead Managers

Lead Manager

Details

Company

SKI Capital Services Limited (Past IPO Performance)

Contact Information

[Phone Number, Email]

Conclusion

The Techera Engineering India IPO presents a compelling investment opportunity, especially for those interested in the aerospace and defence sectors. With a solid business foundation and growth prospects, the IPO offers a chance to invest in a company that is poised for future success. However, potential investors should carefully evaluate the associated risks before making investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What is the Techera Engineering India IPO and why is it significant?

Answer Field

The Techera Engineering India IPO offers investors a chance to invest in a growing aerospace and defence company, making it a significant opportunity in this sector.

What is the price band for the Techera Engineering India IPO, and how was it determined?

Answer Field

The price band for the IPO will be determined based on the company’s valuation and market conditions, expected to be in the range of ₹75 to ₹82 per share.

What are the key risks and rewards of investing in the Techera Engineering India Ltd IPO?

Answer Field

Key risks include market volatility and government regulations, while rewards come from the company’s strong market position and growth potential.

When will the Techera Engineering India IPO shares be listed?

Answer Field

The Techera Engineering India IPO shares are expected to be list on October 3, 2024.

What documents should I review before investing in the Techera Engineering India IPO?

Answer Field

Investors should review the company’s prospectus, financial reports, and market outlook to make an informed decision.

What are the lock-up period details for the Techera Engineering India Ltd IPO?

Answer Field

Lock-up period details will be outlined in the company’s prospectus.

Will Techera Engineering India IPO pay dividends?

Answer Field

The company’s future dividend policy will depend on its profitability and strategic plans post-IPO.

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